News Archives for Print - 2023-12-05

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Print - 2023-12-05

Netanyahu graft trial resumes in Israel in midst of Gaza war

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu’s corruption trial resumed on Monday, despite the country’s...

Published 05 Dec, 2023 03:01am

Nov oil sales rise 9pc MoM

KARACHI: Pakistan OMC’s recorded sales of 1.4 million tons up 9.0 percent on month-on-month basis while Ex-Furnace...

Updated 05 Dec, 2023 09:09am

Cypher case: IK says will ‘drag’ Bajwa, US embassy officials through the courts

ISLAMABAD: In a bold move, the flamboyant jailed ex-prime minister Imran Khan on Monday categorically said that he...

Updated 05 Dec, 2023 09:02am

UK condemns attacks on commercial shipping in Red Sea

LONDON: Britain condemned the attacks on commercial shipping in the Red Sea on Monday, blaming Iran for its role in...

Published 05 Dec, 2023 03:01am

Ukraine aid to run out by year’s end, White House warns

WASHINGTON: The White House budget chief warned the US Congress on Monday that failure to agree fresh funds for...

Published 05 Dec, 2023 03:01am

Climate finance in the spotlight at COP28 climate talks

DUBAI: Money pledges stacked up at COP28 in Dubai on Monday as delegates sought to address the huge gap between what...

Published 05 Dec, 2023 03:01am

China accuses US of ‘stirring up’ South China Sea tensions

BEIJING: China on Monday said the United States was responsible for “deliberate stirring up” of tensions in the...

Published 05 Dec, 2023 03:01am

Court hears suit to stop Netherlands exporting F-35 parts to Israel

THE HAGUE: Human rights groups sought to block the Dutch government from exporting F-35 fighter jet parts to Israel,...

Published 05 Dec, 2023 03:01am

Red Cross chief in Gaza, says suffering ‘intolerable’

GENEVA: The Red Cross president arrived in war-torn Gaza on Monday, calling for the protection of civilians in the...

Published 05 Dec, 2023 03:01am

Six Nepalis killed fighting for Russia, one captured in Ukraine

KATHMANDU: Nepal said Monday that six citizens had been killed while serving as mercenaries in the Russian army and...

Published 05 Dec, 2023 03:01am

Declaring Moonis PO: Special court expresses dissatisfaction

LAHORE: A special court expressed its dissatisfaction over the pace of process to declare former federal minister...

Published 05 Dec, 2023 03:01am

The Weather

KARACHI: The weather report on Monday (December 04, 2023) and the forecast for Tuesday (December 05, 2023)...

Published 05 Dec, 2023 03:01am

Israel bent on genocide

Only the naïve could have imagined that Israel would continue the truce that allowed the exchange of some of the...

Published 05 Dec, 2023 03:01am

Growth in federal tax revenues

The Federal Board of Revenue (FBR) has released recently the Revenue Division Year Book for 2022-23. This is a very...

Published 05 Dec, 2023 03:01am

Letters

Things seem to be getting better now

Not only has the clarity about country’s economic indicators, including an increase in foreign exchange reserves ...

Published 05 Dec, 2023 03:01am

Smuggled, illegally imported goods worth Rs10.5bn seized

KARACHI: The Directorate of Intelligence and Investigation-Customs Karachi has seized smuggled and illegally ...

Published 05 Dec, 2023 03:01am

Stocks

Suzuki Motor’s major shareholder offers to buy 26.91pc minority shares

KARACHI: Suzuki Motor Corporation, Japan, the majority shareholder has proposed to purchase 22,145,760 ordinary...

Published 05 Dec, 2023 03:01am

From forced migration to forced repatriation

The caretaker government on 26 September 2023 issued the ‘Illegal Foreigners Repatriation Plan’. According to the...

Updated 05 Dec, 2023 04:13am

Stocks

Wall St rally loses steam as data-heavy week looms

NEW YORK: US stocks fell on Monday after rallying the previous week, on caution ahead of a slew of economic data due...

Published 05 Dec, 2023 03:01am

Stocks

European shares take a breather after sharp rally last week

PARIS: Miners and energy stocks dragged Europe’s benchmark index marginally lower on Monday, hurt by weak ...

Published 05 Dec, 2023 03:01am

Stocks

China stocks extend fall on growth concerns

HONG KONG: China and Hong Kong stocks extended losses on Monday as economic data pointed to a slowdown in growth...

Published 05 Dec, 2023 03:01am

Stocks

India’s Nifty, Sensex touch new highs on key wins for the BJP

BENGALURU: Financial and energy stocks led Indian shares to new all-time highs on Monday as key wins for the ruling...

Published 05 Dec, 2023 03:01am

Stocks

A bull market in full swing

KARACHI: The bull run was in full swing at Pakistan Stock Exchange on Monday as the market hit new historic...

Published 05 Dec, 2023 03:01am

Fresh delimitation drive: MQM-P voices its serious concerns about the role of electoral team

ISLAMABAD: Muttahida Qaumi Movement Pakistan (MQM-P) has alleged that the electoral team working under the ...

Published 05 Dec, 2023 03:01am

PARTLY FACETIOUS: Convictions can be overturned

“I am so very impressed that executive positions are being filled so appropriately, Salman Butt a convicted…”...

Published 05 Dec, 2023 03:01am

Rs10bn already disbursed to ECP: minister

ISLAMABAD: Caretaker Minister for Information and Broadcasting Murtaza Solangi, on Monday, said that the federal...

Published 05 Dec, 2023 03:01am

SC (Practice and Procedure) Act: Justice Naqvi seeks to place constitutional pleas before committee

ISLAMABAD: Justice Sayyed Mazahar Ali Akbar Naqvi requested to place his constitution petitions before a committee,...

Published 05 Dec, 2023 03:01am

Issues related to KE: Al-Jomaih shares its ‘ordeal’ with PM, petroleum minister

ISLAMABAD: Saudi company M/s Al-Jomaih has reportedly shared its ordeal with caretaker Prime Minister Anwar-ul-Haq...

Updated 05 Dec, 2023 09:35am

Trial of civilians by military courts: SC urged to begin proceedings against secy Ministry

ISLAMABAD: The Supreme Court has been urged to initiate contempt proceedings against the secretary Ministry of...

Published 05 Dec, 2023 03:01am

80pc of Karachi Police should be local: JI

KARACHI: Jamaat-e-Islami (JI) on Monday spelled out its deep concerns over a "horrible" rise in crimes, seeking a...

Published 05 Dec, 2023 03:01am

Punjab Irrigation Dept: ADB’s IED rates $2.5m project TA less than relevant, less than successful

ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated technical...

Published 05 Dec, 2023 03:01am

Another fugitive arrested from Saudi Arabia

LAHORE: On the instructions of Inspector General Police Punjab, Dr Usman Anwar, the crackdown has been accelerated...

Published 05 Dec, 2023 03:01am

ATC acquits 26 workers of TLP

LAHORE: The Anti-Terrorism Court on Monday acquitted 26 workers of Tehreek-i-Labbaik Pakistan (TLP) in case of...

Published 05 Dec, 2023 03:01am

BISP Secy meets Unicef Regional Director

ISLAMABAD: Secretary Benazir Income Support Programme (BISP) Amer Ali Ahmad held a meeting with Unicef Regional...

Published 05 Dec, 2023 03:01am

Amenities to citizens: CDA introduces state-of-the-art fast-track service

ISLAMABAD: The Capital Development Authority (CDA), on Monday, introduced state-of-the-art fast-track service by...

Published 05 Dec, 2023 03:01am

Ex-judge Miankhel made chairman of CAT Islamabad

ISLAMABAD: Ministry of Law and Justice has notified the appointment of former Justice Mazhar Alam Khan Miankhel,...

Published 05 Dec, 2023 03:01am

IK asks court to fix his plea for hearing in next week

ISLAMABAD: Former chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan, on Monday, filed an application before the...

Published 05 Dec, 2023 03:01am

IK’s pleas against dismissal of pre-arrest bail could not be heard

LAHORE: The petitions of former PTI chairman Imran Khan against dismissal of his pre-arrest bail in seven cases of...

Published 05 Dec, 2023 03:01am

Japan confers FM’s commendations for FY 2023 to Shafiqur Rehman

ISLAMABAD: The Government of Japan has awarded the Foreign Minister’s Commendations for FY 2023 to Muhammad...

Published 05 Dec, 2023 03:01am

LDA demolishes five structures, seals 55 properties

LAHORE: In an operation against defaulters of commercialization fees, the Lahore Development Authority (LDA)...

Published 05 Dec, 2023 03:01am

LHC concerned over detention order of PTI activist

LAHORE: The Lahore High Court on Monday expressed its concern over the detention order of PTI activist Sanam Javed...

Published 05 Dec, 2023 03:01am

Minister meets Tajikistan counterpart on sidelines of COP28

ISLAMABAD: On the sidelines of the COP28, Minister for Energy Muhammad Ali held a meeting with Minister for Energy ...

Published 05 Dec, 2023 03:01am

World Ozone Day-2023: MP UNDP, NOU, SSUET organise awareness campaign

KARACHI: An interactive event under the Awareness Raising Campaign for World Ozone Day-2023 was organized by the...

Published 05 Dec, 2023 03:01am

PFA discards toxic vegetables

LAHORE: The Punjab Food Authority’s enforcement team on Monday uprooted unhealthy vegetable crops by ploughing 40...

Published 05 Dec, 2023 03:01am

PTI core committee decides to gear up political activities

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) core committee on Monday decided to gear up its political activities ...

Published 05 Dec, 2023 03:01am

Senate body passes ‘The Islamabad Capital Territory Student Unions Bill, 2023’

ISLAMABAD: The Senate Standing Committee on Federal Education and Professional Training on Monday unanimously passed...

Published 05 Dec, 2023 03:01am

War risk insurance rates edge up

LONDON: War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on...

Updated 05 Dec, 2023 09:02am

Commodities

‘Hoarding, higher prices may cause 50pc cut in wheat production’

LAHORE: Growers are claiming that the unavailability, hoarding and higher prices of the fertilizer may cause a 50...

Published 05 Dec, 2023 03:01am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (December 04, 2023). ==================================== BR...

Published 05 Dec, 2023 03:01am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (December 04, 2023). ======================================= Offset...

Published 05 Dec, 2023 03:01am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 04, 2023)...

Published 05 Dec, 2023 03:01am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 04, 2023)....

Published 05 Dec, 2023 03:01am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (December 04, 2023)....

Published 05 Dec, 2023 03:01am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (December 04, 2023). ======================== Open Bid...

Published 05 Dec, 2023 03:01am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (December...

Published 05 Dec, 2023 03:01am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (December 04, 2023). ========================== KIBOR...

Published 05 Dec, 2023 03:01am

Rates

LME official prices

LONDON: The following were Friday official prices. ========================================= ALUMINIUM...

Published 05 Dec, 2023 03:01am

Commodities

Iron ore drifts lower

BEIJING: Iron ore futures lost ground on Monday as lingering fears of further government intervention in top ...

Published 05 Dec, 2023 03:01am

Commodities

Chicago soybean futures slip

BEIIJNG: Chicago soybean futures ticked down on Monday as traders monitored the prospects of showers in...

Published 05 Dec, 2023 03:01am

Cotton & Textile

Slow business on cotton market

LAHORE: The trading in the local market on Monday remained bearish and the trading volume remained low. Cotton...

Published 05 Dec, 2023 03:01am

Commodities

Copper slides as dollar strengthens

LONDON: Copper prices retreated on Monday as the dollar strengthened, with further pressure coming from an increase...

Published 05 Dec, 2023 03:01am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday (December 04, 2023)...

Published 05 Dec, 2023 03:01am

Energy

Expiry of initial PPA likely in 2028: LDPL approaches Nepra for inclusion in IGCEP for another 10-15 years

ISLAMABAD: Liberty Daharki Power Limited (LDPL) has approached National Electric Power Regulatory Authority (Nepra)...

Published 05 Dec, 2023 03:01am

Commodities

Canadian wheat, canola harvests expand, rebound from dry conditions

WINNIPEG, (Manitoba): Canadian farmers will harvest more wheat and canola than was expected several months ago, as...

Published 05 Dec, 2023 03:01am

Commodities

Gold takes a breather

BENGALURU: Gold edged down after scaling a record high on Monday, with growing confidence that the US Federal ...

Published 05 Dec, 2023 03:01am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 215,591 tonnes of cargo comprising 136,853 tonnes of import cargo and 78,738...

Published 05 Dec, 2023 03:01am

Commodities

Russian wheat export prices extended rise

MOSCOW: Export prices for Russian wheat rose last week amid continued adverse weather conditions for shipments in ...

Published 05 Dec, 2023 03:01am

Commodities

Japanese rubber futures fall

BEIJING: Japanese rubber futures extended losses for a fourth session on Monday, hitting their lowest in over seven...

Published 05 Dec, 2023 03:01am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR21.996 ...

Published 05 Dec, 2023 03:01am

Commodities

Malaysian palm oil declines on weaker rivals

JAKARTA: Malaysian palm oil futures fell for a second straight session on Monday, tracking weakness in rival...

Published 05 Dec, 2023 03:01am

Energy

Oil falls on demand fears, doubts over OPEC+ cuts

HOUSTON: Oil prices extended declines on Monday, pressured by investor scepticism over the latest OPEC+ decision on...

Published 05 Dec, 2023 03:01am

Global banks face negative outlook, property stress in 2024: Moody’s

LONDON: Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean...

Published 05 Dec, 2023 03:01am

Turkish inflation near 62pc, highest this year

ISTANBUL: Turkey’s annual inflation rate edged up to 61.98% in November, data showed on Monday, just shy of...

Published 05 Dec, 2023 03:01am

Money & Banking

Asian currencies: Taiwan dollar, Korean won higher

BENGALURU: Most emerging Asian currencies and stocks traded higher on Monday, as investors assessed remarks from...

Published 05 Dec, 2023 03:01am

Money & Banking

Indian rupee ends down on importers’ dollar buys

MUMBAI: The Indian rupee fell on Monday as a slight recovery in the US dollar and strong dollar demand from local...

Published 05 Dec, 2023 03:01am

Money & Banking

Dollar gains, bitcoin breaches $42,000

WASHINGTON: The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets...

Published 05 Dec, 2023 03:01am

Money & Banking

Australia, NZ dlrs hit four-month highs

SYDNEY: The Australian and New Zealand dollars hit fresh four-month highs on Monday as markets wagered on early and...

Published 05 Dec, 2023 03:01am

Money & Banking

Yuan slips as market waits on economic data

SHANGHAI: China’s yuan slipped against the dollar on Monday, as market participants adopted a cautious approach...

Published 05 Dec, 2023 03:01am

Money & Banking

Central banks ‘not out of the woods’ in inflation battle: BIS

LONDON: Global central bank umbrella body, the BIS, eased its hardline stance on inflation on Monday, calling recent...

Published 05 Dec, 2023 03:01am

Taxes

Tax credit regime for NPOs massively misused: FTO

ISLAMABAD: The Federal Board of Revenue’s tax credit regime for Non-Profit Organisations (NPOs) has been massively...

Published 05 Dec, 2023 03:01am

SPI Insurance’s merger in United Insurance sanctioned

ISLAMABAD: The High Court of Sindh has sanctioned the scheme of merger, transferring the entire undertaking and...

Published 05 Dec, 2023 03:01am

Taxes

E-filing certificate: Taxmen given Dec 6 deadline

ISLAMABAD: The Federal Board of Revenue (FBR) has given a deadline of December 6, 2023, to tax officers (BS-17 and...

Published 05 Dec, 2023 03:01am

The bigger picture of weaknesses in economy

EDITORIAL: The World Bank’s regional vice president for South Asia, Martin Raiser, while addressing an event...

Published 05 Dec, 2023 03:01am

No delay in elections

EDITORIAL: Good of ECP (Election Commission of Pakistan) to crush all talk of any possible delay in the February...

Published 05 Dec, 2023 03:01am

Revenue can be generated by exporting hybrid fodder

LAHORE: The Punjab Livestock & Dairy Development Department (L&DDD) is cultivating hybrid fodder on 18,880...

Published 05 Dec, 2023 03:01am

Money & Banking

Irfan Awan entrusted as acting MD of BoK

KARACHI: The board of directors of The Bank of Khyber has entrusted acting charge of the Managing Director of the...

Published 05 Dec, 2023 03:01am

Israeli ground forces move into southern Gaza

GAZA STRIP, (Palestinian Territories): Israel’s army on Monday sent dozens of tanks into southern Gaza as part of...

Updated 05 Dec, 2023 09:02am

Commodities being imported by TCP: Govt decides to change payment mechanism

ISLAMABAD: The federal government has decided to change payment mechanism of commodities being imported by Trading...

Updated 05 Dec, 2023 09:47am

Overbilling in violation of Nepra Act: All Discos including KE to face legal proceedings

ISLAMABAD: While accusing Discos and K-Electric of massive overbilling to hide their inefficiencies, the National...

Updated 05 Dec, 2023 09:35am

ECP likely to get election funds soon

ISLAMABAD: Finance Secretary Imdad Ullah Bosal on Monday assured the Election Commission of Pakistan (ECP) that the...

Updated 05 Dec, 2023 09:03am

PM urges youth to avail CPEC opportunity

Inaugurates Pak-China Friendship Hospital and Gwadar Seawater Desalination Plant

Updated 05 Dec, 2023 09:48am

Pakistan not on agenda of IMF Executive Board meeting

ISLAMABAD: The International Monetary Fund (IMF) Executive Board has issued meetings scheduled till December 14, but...

Updated 05 Dec, 2023 09:04am

Four countries: FBR decides to ink deal on Electronic Data Interchange

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to ink agreements on Electronic Data Interchange with the...

Updated 05 Dec, 2023 09:36am

Industry

OMAP urges Minister to resolve OMC issues

LAHORE: Oil Marketing Association of Pakistan (OMAP) on Monday appealed to the Minister for Energy, Muhammad Ali for...

Published 05 Dec, 2023 03:01am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 29	278.93
USD PKR Interbank Buying / Jan 29	278.73
USD to Japanese Yen / Jan 29	155.27
USD to Swiss Franc / Jan 29	0.90
Pound Sterling to USD / Jan 29	1.25
Euro to USD / Jan 29	1.04

Stock	Volume
S&P 500 / Jan 28	6,067.70
Nasdaq / Jan 28	19,733.59
Dow Jones / Jan 28	44,850.35
India Sensex / Jan 29	76,280.68
Tokyo Nikkei / Jan 29	39,346.10
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,526.69
Germany DAX 30 / Jan 29	21,503.20

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 28	18,485
Gold 10 Grams PKR / Jan 28	247,560.80
Crude Oil USD/Barrel / Jan 29	73.75
Gold Spot USD/Ounce / Jan 29	2,761.08
Cotton US¢/pound / Jan 29	67.12
Petrol/Litre / Jan 30	256.13

Gainers
Losers
Leaders

Stock	Price
Waves Home Appliances / Jan 29 Waves Home Appliances Limited(WAVESAPP)	11.63 ▲ 1.06 (10.03%)
Redco Textile / Jan 29 Redco Textiles Limited(REDCO)	19.97 ▲ 1.82 (10.03%)
Jauharabad Sug / Jan 29 Jauharabad Sugar Mills Limited(JSML)	21.84 ▲ 1.99 (10.03%)
Saritow Spinning / Jan 29 Saritow Spinning Mills Limited(SSML)	14.81 ▲ 1.35 (10.03%)
Leather Up Ltd. / Jan 29 Leather Up Limited(LEUL)	44.41 ▲ 4.04 (10.01%)
Fateh Sports / Jan 29 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10%)
Supernet Ltd. / Jan 29 Supernet Limited (GEM)(GEMSPNL)	19.80 ▲ 1.8 (10%)
Sanghar Sugar / Jan 29 Sanghar Sugar Mills Limited(SANSM)	30.69 ▲ 2.79 (10%)
Shahmurad Sugar / Jan 29 Shahmurad Sugar Mills Limited(SHSML)	398.70 ▲ 36.25 (10%)

Stock	Price
D.S. Ind. Ltd. / Jan 29 D.S. Industries Limited(DSIL)	4.51 ▼ -0.85 (-15.86%)
Tariq Corp.Pref. / Jan 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
PICIC Ins.Ltd. / Jan 29 PICIC Insurance Limited(PIL)	2.25 ▼ -0.32 (-12.45%)
Punjab Mod / Jan 29 First Punjab Modaraba(FPJM)	2.60 ▼ -0.33 (-11.26%)
National Silk / Jan 29 The National Silk & Rayon Mills Limited(NSRM)	49.29 ▼ -5.48 (-10.01%)
Blessed Tex. / Jan 29 Blessed Textiles Limited(BTL)	306 ▼ -34 (-10%)
Shahtaj Sugar / Jan 29 Shahtaj Sugar Mills Limited(SHJS)	111.67 ▼ -12.41 (-10%)
Crescent Steel / Jan 29 Crescent Steel & Allied Products Limited(CSAP)	112.88 ▼ -12.54 (-10%)
Suhail Jute / Jan 29 Suhail Jute Mills Limited(SUHJ)	82.02 ▼ -8.63 (-9.52%)

Stock	Volume
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	67,917,203 ▼ -0.01
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	31,182,412 ▲ 0.14
Sui South Gas / Jan 29 Sui Southern Gas Company Limited(SSGC)	29,454,322 ▼ -1.6
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	29,207,516 ▲ 0.11
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	26,339,311 ▼ -0.04
Citi Pharma Ltd / Jan 29 Citi Pharma Ltd.(CPHL)	26,038,104 ▼ -0.81
Dewan Motors / Jan 29 Dewan Farooque Motors Limited(DFML)	24,645,415 ▲ 3.11
Fauji Cement / Jan 29 Fauji Cement Company Limited(FCCL)	18,743,736 ▼ -0.97
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	14,546,524 ▼ -0.55

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